ICONCO: what changed
ICONCO
Largest movements
- Cash +€109,305
up €109,305 (+224%), from €48,875 to €158,180
mainly Net result for the year (+€193,783) and Other debts (+€119,707)
- Receivables within one year +€29,602
up €29,602 (+88.3%), from €33,523 to €63,125
of which Other amounts receivable: +€29,681
- Tangible fixed assets +€23,397
up €23,397 (+172%), from €13,617 to €37,014
of which Furniture and vehicles: +€12,295
- Other debts +€119,707
up €119,707 (+1,536%), from €7,793 to €127,500
- Tax, wage and social debts +€45,247
up €45,247 (+78.2%), from €57,842 to €103,089
of which Taxes: +€45,247
- Gross operating margin +€155,472
up €155,472 (+140%), from €110,743 to €266,214
- Taxes +€38,645
up €38,645 (+126%), from €30,660 to €69,304
- Depreciation +€2,973
up €2,973 (+93.5%), from €3,178 to €6,151
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,797 | €439,235 | +€161,439 | +58.1% |
| Fixed assets | 21/28 | €13,617 | €37,014 | +€23,397 | +172% |
| Tangible fixed assets | 22/27 | €13,617 | €37,014 | +€23,397 | +172% |
| Land and buildings | 22 | €9,988 | €21,089 | +€11,102 | +111% |
| Furniture and vehicles | 24 | €3,629 | €15,925 | +€12,295 | +339% |
| Current assets | 29/58 | €264,179 | €402,221 | +€138,042 | +52.3% |
| Amounts receivable within one year | 40/41 | €33,523 | €63,125 | +€29,602 | +88.3% |
| Trade receivables | 40 | €25,410 | €25,331 | -€79 | -0.3% |
| Other amounts receivable | 41 | €8,113 | €37,794 | +€29,681 | +366% |
| Current investments | 50/53 | €180,000 | €179,988 | -€12 | 0.0% |
| Cash at bank and in hand | 54/58 | €48,875 | €158,180 | +€109,305 | +224% |
| Deferred charges and accrued income | 490/1 | €1,781 | €928 | -€853 | -47.9% |
| Total equity and liabilities | 10/49 | €277,797 | €439,235 | +€161,439 | +58.1% |
| Equity | 10/15 | €208,665 | €205,809 | -€2,856 | -1.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €198,665 | €195,809 | -€2,856 | -1.4% |
| Distributable reserves | 133 | €198,665 | €195,809 | -€2,856 | -1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €69,132 | €233,426 | +€164,294 | +238% |
| Amounts payable within one year | 42/48 | €68,054 | €233,136 | +€165,083 | +243% |
| Trade debts | 44 | €2,418 | €2,547 | +€129 | +5.3% |
| Suppliers | 440/4 | €2,418 | €2,547 | +€129 | +5.3% |
| Taxes, remuneration and social security | 45 | €57,842 | €103,089 | +€45,247 | +78.2% |
| Taxes | 450/3 | €57,842 | €103,089 | +€45,247 | +78.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,793 | €127,500 | +€119,707 | +1,536% |
| Accrued charges and deferred income | 492/3 | €1,078 | €290 | -€789 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €6,151 | +€2,973 | +93.5% |
| Other operating charges | 640/8 | €647 | €933 | +€286 | +44.1% |
| Gross operating margin | 9900 | €110,743 | €266,214 | +€155,472 | +140% |
| Operating profit (loss) | 9901 | €106,917 | €259,130 | +€152,213 | +142% |
| Financial income | 75/76B | €3,562 | €5,278 | +€1,717 | +48.2% |
| Recurring financial income | 75 | €3,562 | €5,278 | +€1,717 | +48.2% |
| Financial charges | 65/66B | €2,930 | €1,321 | -€1,610 | -54.9% |
| Recurring financial charges | 65 | €2,930 | €1,321 | -€1,610 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €107,549 | €263,088 | +€155,539 | +145% |
| Income taxes | 67/77 | €30,660 | €69,304 | +€38,645 | +126% |
| Profit (loss) for the period | 9904 | €76,889 | €193,783 | +€116,894 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €76,889 | €193,783 | +€116,894 | +152% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.